Mobile wallets

Younger adults who regularly use mobile payments are more likely to take financial risks and rack up fees, according to a new financial literacy study by the George Washington University School of Business.

Lacy Morris would seem to be in a tough spot as the main techie for a smaller coffee chain that's deploying mobile technology years after Starbucks dominated the market. But Starbucks has made missteps, he contends, leaving room for rivals to learn from those mistakes.

The partnership PayPal announced last year with Samsung Pay has come to fruition, with PayPal rolling out a new capability enabling its users to make purchases at any store that accepts cards via Samsung Pay.

Before Paytm became one of India's most popular mobile wallets, it was a little-known bill payment app that launched in 2011 and spread by word of mouth. Now Paytm is revisiting that history in Canada, though its challenges in North America are very different than what it faced in India.

Wirecard has expanded capabilities of its boon digital payment app by partnering with Fitbit so customers in Europe may make contactless payments with the Fitbit Ionic or Fitbit Versa smartwatch models.

India’s Unified Payment Interface is a model that other developing economies can emulate, as they look to move away from cash-centricity and overhaul their own payments infrastructure in pursuit of speed, security, auditability and financial inclusion, writes Anoop Villait, managing director of corporate development at Transpay.